04-01-2011 09:49 PM
I have been on a payment arrangement with Bank of America since about 2007. There are several lates showing back in 2007. The account is closed. I finally have the money to pay off the entire balance. Can I use this as leverage to get these lates or TL removed from my CR? Should I call or write? Anyone had success with this?
04-02-2011 04:58 AM
Let me know if you have any success.
I have 3 BoA cards that were closed in 2007 and i have been on a payment plan too. All my lates were in 2007 also.
This month, i will be paying off one of the cards. So i'm hoping to GW the 2007 lates so this account becomes positive.
04-02-2011 06:22 AM
04-02-2011 11:40 AM
The problem with BOA is that they don't "say" no - they just don't respond until you've hit a nerve & contacted someone higher up then they use the good stationary to say NO! LOL!!! I've been trying to get someone at BOA to delete a paid account or at least the lates with no luck for months. Let me know if you have some luck!
04-03-2011 07:43 PM
The truth.... I was broke at the time I defaulted (without any sob story) but I have paid it in full thru the CA & I know that it's against their policy to delete TL's but if they can find it in their heart to delete it I would greatly appreciate it. I'm desperate to have this resolved. I want to make my dream of owning a home a reality - NOT FOR ME but for my kids!
04-04-2011 05:23 PM
Thank you for the replies, everyone.
I guess my major question is which should I do?
1) Pay off the balance and later GW B of A
2) Wait to pay off the balance until I can get a PFD in writing or some other agreement in my favor?
04-05-2011 11:04 AM
Start with an attempt to PFD - send a letter, wait a few weeks, send another letter, wait a few weeks, etc.
Eventually, after enough ignored PFD letters (or actual "nos") and for your own piece of mind, I would then just pay it and flip to the GW strategy. However, I have been trying to get a few lates removed from a BOA loan still in good standing (line of credit, closed, but has been on-time for years now) and I have gotten multiple, adamant "nos" in response to my GW letters. Therefore, I would try really hard for a PFD first because BOA seems to be very unwilling to remove lates through GW. The incentive of PIF will give you a much better chance.
04-05-2011 11:31 AM
I would keep trying and maybe re-word the letter to have them make an goodwill "adjustment" on your accounts rather then "delete the file" You might also mention that you choose the option of a payment plan that would allow you to pay the balance in full rather then a settlement amount.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.